Adam Nash, CEO and co-founder of Daffy, a not-for-profit community built around a modern platform for giving, shares his insights on the most effective ways to pay off student loans. With his extensive experience in personal finance, Nash advises against the 'peanut butter approach' where you spread your payments equally across all loans. This method, he explains, is not the most efficient as it doesn't take into account the varying interest rates and terms of different loans. Instead, Nash recommends focusing on paying off the loan with the highest interest rate first. This approach ensures that you pay the least amount of interest over the entirety of your loan period, leaving you financially better off in the long run. While managing student loans can be challenging, Daffy offers a unique solution. As a Donor Advised Fund (DAF), Daffy allows you to easily donate to almost every US public charity, track tax-deductible contributions, and access donation receipts all in one place. This can be a great way to manage your finances while also giving back to the community. With Daffy, you can start your giving journey for free if you have less than $100 in your fund. So why not simplify your giving and potentially improve your financial situation with Daffy today? Remember, the information provided here is for educational purposes only. For specific tax advice, please consult with a tax professional.